Latvia vs Spain: Expense

Latvia

34.2%

in 2023

Spain

34.0%

in 2023

Latvia rank

40th

Spain rank

41st

Expense over time

Latvia
Spain

How they compare

Latvia currently reports 34.2% against 34.0% in Spain, a difference of 0.2%.

The two have swapped places 5 times across 21 shared years of data; in 1994 it was Spain ahead.

Globally, Latvia ranks 40th and Spain ranks 41st of 157 countries.

Individual pages

Expense in Latvia
Expense in Spain
Full country ranking

About this data

Indicator: Expense (% of GDP)
Unit: % of GDP
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 183 places, 5,211 data points, 1972–2024
Last refreshed: 06 August 2026

Expense is a decrease in net worth resulting from a transaction. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.